Astra Becomes the First Space Launch Company to Trade on Nasdaq

Astra Becomes the First Space Launch Company to Trade on Nasdaq

Business combination approved by shareholders

ALAMEDA, Calif.–(BUSINESS WIRE)–
Astra Space, Inc. (“Astra”), the fastest privately-funded U.S. company in history to reach space, and Holicity, Inc. (NASDAQ: HOL) (“Holicity”), a publicly traded special purpose acquisition company, today completed their previously announced transaction to take Astra public.

The transaction forms a publicly traded pure-play space company and is expected to start trading on the Nasdaq Global Select Market on July 1, 2021 under the new ticker symbol “ASTR” for Astra common stock and “ASTRW” for Astra warrants.

Astra raised approximately $500 million in cash proceeds from the transaction to accelerate growth, expand its addressable market, and develop its space services platform. Holicity shareholders approved the transaction at a general meeting on June 30, 2021. CEO Chris Kemp and Astra’s management team will continue to lead the combined company.

“Becoming a public company is an important milestone in our mission to improve life on Earth from space,” said Chris Kemp, Founder, Chairman and CEO of Astra. “All of us at Astra are humbled by the opportunity to have the support of public shareholders and are grateful to the many people who have contributed so much to help us realize our vision of a healthier and more connected planet.”

“I am excited to support Chris and his talented team as Astra begins the next chapter as a public company,” said Craig McCaw, Chairman and CEO of Holicity.

As part of the business combination, McCaw, a pioneer of the telecommunications industry, and Michael Lehman, former CFO of Sun Microsystems, will join Astra’s board of directors.

“We are pleased to welcome Michael and Craig to the Astra Board of Directors,” said Kemp. “They are seasoned leaders who bring immense collective experience in public technology company operations that will be beneficial to Astra and its shareholders.”

Deutsche Bank Securities acted as lead financial advisor and capital markets advisor to Holicity. BofA Securities acted as lead placement agent on the PIPE, financial advisor, and capital markets advisor to Holicity. PJT Partners acted as sole financial advisor to Astra and as a placement agent on the PIPE. Ropes & Gray LLP acted as legal advisor to Astra. Winston & Strawn LLP acted as legal advisor to Holicity.

About Astra

Astra’s mission is to improve life on Earth from space by creating a healthier and more connected planet. With over 50 launches under contract, Astra will begin delivering customer payloads into low Earth orbit in Summer 2021, moving to monthly, biweekly, weekly, and daily launches by 2025. Visit Astra.com for more information.

About Holicity

Holicity Inc. is a special purpose acquisition company (“SPAC”) sponsored by Pendrell X-icity Holdings Corporation, which is a subsidiary of Pendrell Corporation, a permanent capital vehicle whose controlling shareholder is Mr. Craig O. McCaw.

Forward Looking Statements

Certain statements made in this press release are “forward-looking statements”. Forward-looking statements may be identified by the use of words such as “anticipate”, “believe”, “expect”, “estimate”, “plan”, “outlook”, and “project” and other similar expressions that predict or indicate future events or trends or that are not statements of historical matters. Such statements include those related to the success of the combined company, Astra mission to make space more accessible and to benefit life on earth, and the use of proceeds from the transaction. These forward-looking statements reflect the current analysis of existing information and are subject to various risks and uncertainties. As a result, caution must be exercised in relying on forward-looking statements. Due to known and unknown risks, actual results may differ materially from combined company’s expectations or projections. The following factors, among others, could cause actual results to differ materially from those described in these forward-looking statements: (i) the ability of the combined company to meet Nasdaq listing standards following the transaction; (ii) the failure to meet projected development and launch targets; (iii) costs related to the proposed transaction; (iv) changes in applicable laws or regulations; (v) the ability of the combined company to meet its financial and strategic goals, due to, among other things, competition; (vi) the ability of the combined company to pursue a growth strategy and manage growth profitability; (vii) the possibility that the combined company may be adversely affected by other economic, business, and/or competitive factors; (vii) the effect of the COVID-19 pandemic on the combined company; and (viii) other risks and uncertainties described herein, as well as those risks and uncertainties discussed from time to time in other reports and other public filings with the Securities and Exchange Commission by Astra or Holicity.

Media Contact

Kati Dahm

[email protected]

Investor Contact

[email protected]

KEYWORDS: United States North America California

INDUSTRY KEYWORDS: Technology Aerospace Manufacturing Satellite

MEDIA:

Logo
Logo

Food Traceability Leadership Consortium Establishes Principles for a Solution to FDA Regulations

Food Traceability Leadership Consortium Establishes Principles for a Solution to FDA Regulations

FTLC challenges ReposiTrak to source a system that meets its stringent requirements

SALT LAKE CITY–(BUSINESS WIRE)–
The Food Traceability Leadership Consortium (FTLC), formed in March with the support of ReposiTrak, Inc. to explore possible solutions to FDA’s proposed traceability regulations under the Food Safety Modernization Act (FSMA), announced three critical guidelines for its ongoing work. The optimal solution to the traceability challenge in the retail food industry, the Consortium declared, must have minimal cost that doesn’t impact margins or consumer prices, be easy to adopt, use and verify in order to drive universal adoption and meet or exceed FDA proposed regulations to prepare for the future.

The FTLC is focusing on FSMA requirements for last leg of the supply chain, retailer and wholesaler distribution to the stores, which is facing especially challenging traceability issues. ReposiTrak, Inc., the industry leader in supply chain compliance and quality management technology solutions with a user network of over 100,000 facilities, is providing its industry knowledge and experience to deliver success.

“The FTLC and ReposiTrak worked collaboratively developing the guidelines to ensure the traceability solution endorsed will get broad buy-in from all trading partners. We have also confirmed the biggest challenges caused by the FSMA regulations, notably capturing shipment level data as product moves through the supply chain and traceability from the distribution center to the store, and are now determining the capabilities needed to address them,” said Randy Fields, chairman and CEO of ReposiTrak. “Then we will find a solution that has those capabilities.”

The FTLC gave specifics on each of the three principles for a traceability solution:

Must have minimal cost that can’t impact margins or price to consumer Additional cost comes from new hardware, software, integrations, labor and training. The only way to avoid these costs is to rely on existing processes and documentation. The solution should accept any format of existing electronic documents or records being exchanged in the supply chain, and should not require changes in inventory management practices at the field, processing plant, DC or store.

Must be easy to adopt, to use and to verify in order to drive universal adoption The easiest system to use is one already deployed and allows participation by companies with any level of technical capability. It should identify and allow easy repair of breaks in the chain, and enable error checking.

Must meet or exceed FDA proposed regulations to prepare for the future The optimal solution should not be based on trust, but rather visibility to actual product movements through each node of the supply chain. It must also reduce or eliminate replication of effort and data, and simplify data exchange, retrieval and connectivity to universally accept all forms of data from any participant.

“We’ve made great progress in understanding the needs of the industry in a short time by sharing both pain points and successes. The FTLC will now work to see if there is a solution that addresses the FDA requirements while not interrupting supply chain operations or negatively impacting consumer costs,” said Fields.

The FTLC welcomes inquiries from retailers, wholesalers and suppliers interested in joining the group. For more information, contact Derek Hannum, SVP of Customer Success for ReposiTrak at 435-645-2230 or [email protected].

About ReposiTrak

ReposiTrak, Park City Group, Inc. (NASDAQ: PCYG), provides retailers, suppliers and public sector agencies with a robust solution suite to help reduce risk and remain in compliance with regulatory requirements; enhance operational controls; source and discover new vendors; and increase sales with unrivaled brand protection. Consisting of three product families—compliance and risk management, supply chain solutions and MarketPlace sourcing—ReposiTrak’s cloud-based platform’s integrated applications are mutually reinforcing and work synergistically to create value and positive impact.

Media

Ronald Margulis

RAM Communications

908-272-3930

[email protected]

Company

Randall K. Fields

Chairman & CEO ReposiTrak

435-645-2100

[email protected]

KEYWORDS: Utah United States North America

INDUSTRY KEYWORDS: Technology Restaurant/Bar Other Retail FDA Health Packaging Transport Food/Beverage Logistics/Supply Chain Management Manufacturing Software Retail Networks Internet Mobile/Wireless Data Management Supply Chain Management

MEDIA:

Logo
Logo

Media Alert: Cybersecurity Research Endowment Named for Synopsys VP of Market Development, Anita D’Amico

PR Newswire

MOUNTAIN VIEW, Calif. and GARDEN CITY, N.Y., June 30, 2021 /PRNewswire/ — Synopsys, Inc. (Nasdaq: SNPS) today announced that Adelphi University has launched the Anita D’Amico Endowment Fund for Cybersecurity and Psychology Research. The fund was established to support research related to cybersecurity, psychology, and the intersection of the two domains.

Research areas include (but aren’t limited to): safety and security culture, the role of human factors in secure software development, general decision processes and aids applicable to cybersecurity, and risk taking/risk tolerance research extensible to safe computing practices.

Learn more about the endowment.

“I am honored that Adelphi University has launched this endowment fund for cybersecurity and psychology research in my name and I thank all those who are contributing to it. Human attitudes and behaviors are a major contributor to the safety and security of cyber systems,” said Anita D’Amico, Vice President of Market Development at Synopsys. “Psychological principles can be used to better understand the interplay between cyber attackers and defenders and can shed light on how to motivate everyday computer users to adopt more secure practices and avoid risky behaviors. Human factors research can provide insight into the organizational characteristics that influence the introduction of vulnerabilities into software and systems. This endowment will fund interdisciplinary psychology and cybersecurity research to promote a more safe and secure cyber world.”

Anita D’Amico, Ph.D. joined the Synopsys Software Integrity Group as the Vice President of Market Development earlier this month with the acquisition of Code Dx where she was the CEO. 

About the Synopsys Software Integrity Group

Synopsys Software Integrity Group helps development teams build secure, high-quality software, minimizing risks while maximizing speed and productivity. Synopsys, a recognized leader in application security, provides static analysis, software composition analysis, and dynamic analysis solutions that enable teams to quickly find and fix vulnerabilities and defects in proprietary code, open source components, and application behavior. With a combination of industry-leading tools, services, and expertise, only Synopsys helps organizations optimize security and quality in DevSecOps and throughout the software development life cycle. Learn more at https://www.synopsys.com/software-integrity.

About Synopsys

Synopsys, Inc. (Nasdaq: SNPS) is the Silicon to Software™ partner for innovative companies developing the electronic products and software applications we rely on every day. As an S&P 500 company, Synopsys has a long history of being a global leader in electronic design automation (EDA) and semiconductor IP and offers the industry’s broadest portfolio of application security testing tools and services. Whether you’re a system-on-chip (SoC) designer creating advanced semiconductors, or a software developer writing more secure, high-quality code, Synopsys has the solutions needed to deliver innovative products. Learn more at https://www.synopsys.com

Editorial Contacts

Liz Samet

Synopsys, Inc.
+1 703-657-4218
[email protected]

 

Cision View original content:https://www.prnewswire.com/news-releases/media-alert-cybersecurity-research-endowment-named-for-synopsys-vp-of-market-development-anita-damico-301323159.html

SOURCE Synopsys, Inc.

Euroseas Ltd. Signs New Building Agreements for the Acquisition of Two Fuel Efficient 2,800 teu Feeder Containerships

ATHENS, Greece, June 30, 2021 (GLOBE NEWSWIRE) — Euroseas Ltd. (NASDAQ: ESEA), an owner and operator of container vessels and provider of seaborne transportation for containerized cargoes, announced today that it has signed a contract for the construction of two Eco design fuel efficient containerships. The vessels will have a carrying capacity of about 2,800 teu each and will be built at Hyundai Mipo Dockyard Co. in Korea. The two newbuildings are scheduled to be delivered during the first and second quarter of 2023, respectively. The total consideration for these two newbuilding contracts is about $76 million which will be financed with a combination of debt and equity.

Aristides Pittas, Chairman and CEO of Euroseas commented: “We are pleased to announce the ordering of two modern eco-design 2,800 teu vessels in one of the best quality shipbuilders in the world. With this order, we continue our strategy to further grow the company in a manner that creates value for our shareholders and adheres to our ESG commitment of having a more environment-friendly fleet. In that respect, it is noteworthy that the new vessels will consume about 30% less fuel than previous generation, non-eco ships. We remain very optimistic about the prospects of the container market for the next few years and we believe that these two ships that will enter our fleet in the first half of 2023 will further bolster the prospects of our company.”

About Euroseas Ltd.

Euroseas Ltd. was formed on May 5, 2005 under the laws of the Republic of the Marshall Islands to consolidate the ship owning interests of the Pittas family of Athens, Greece, which has been in the shipping business over the past 140 years. Euroseas trades on the NASDAQ Capital Market under the ticker ESEA.

Euroseas operates in the container shipping market. Euroseas’ operations are managed by Eurobulk Ltd., an ISO 9001:2008 and ISO 14001:2004 certified affiliated ship management company, which is responsible for the day-to-day commercial and technical management and operations of the vessels. Euroseas employs its vessels on spot and period charters and through pool arrangements.

The Company has a fleet of 14 vessels, including 9 Feeder containerships and 5 Intermediate containerships. Euroseas 14 containerships have a cargo capacity of 42,281 teu. On a fully-delivered basis, the Company’s fleet will increase to 16 containerships with a cargo capacity of about 47,881 teu.

Forward Looking Statement
This press release contains forward-looking statements (as defined in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended) concerning future events and the Company’s growth strategy and measures to implement such strategy; including expected vessel acquisitions and entering into further time charters. Words such as “expects,” “intends,” “plans,” “believes,” “anticipates,” “hopes,” “estimates,” and variations of such words and similar expressions are intended to identify forward-looking statements. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, no assurance can be given that such expectations will prove to have been correct. These statements involve known and unknown risks and are based upon a number of assumptions and estimates that are inherently subject to significant uncertainties and contingencies, many of which are beyond the control of the Company. Actual results may differ materially from those expressed or implied by such forward-looking statements. Factors that could cause actual results to differ materially include, but are not limited to changes in the demand for containerships, competitive factors in the market in which the Company operates; risks associated with operations outside the United States; and other factors listed from time to time in the Company’s filings with the Securities and Exchange Commission. The Company expressly disclaims any obligations or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in the Company’s expectations with respect thereto or any change in events, conditions or circumstances on which any statement is based.


Visit the Company’s website

www.euroseas.gr

Company Contact Investor Relations / Financial Media
Tasos Aslidis
Chief Financial Officer
Euroseas Ltd.
11 Canterbury Lane,
Watchung, NJ 07069
Tel. (908) 301-9091
E-mail: [email protected]
Nicolas Bornozis
President
Capital Link, Inc.
230 Park Avenue, Suite 1536
New York, NY 10169
Tel. (212) 661-7566
E-mail: [email protected]

 



ServiceSource Accelerates Digital Inside Sales Transformation for Cloud-Based Communications Company

ServiceSource Accelerates Digital Inside Sales Transformation for Cloud-Based Communications Company

Client Expands with ServiceSource to Build on Initial Program Success

DENVER–(BUSINESS WIRE)–ServiceSource International, Inc. (NASDAQ: SREV), the customer journey experience company, today announced it has successfully expanded its digital Inside Sales program with a cloud communications client to further support their go-to-market acceleration.

The client is a market leader, helping thousands of businesses build deeper connections with their customers and processing billions of calls each year. Growing more than 30 percent annually and with ambitious plans to build on its strong sales momentum, the client initially engaged ServiceSource in the fourth quarter of 2020 to deploy a digitally-enabled inside sales motion. Based on the rapid success of the initial deployment using ServiceSource’s High Performance Selling process, the companies recently agreed to triple the size and scope of the initial program.

“We are seeing more companies turn to outsourced inside sales solutions as they seek to gain access to the skilled resources, capabilities, and technical expertise necessary to scale effectively when growth opportunities present themselves,” said Gary B. Moore, chairman and chief executive officer, ServiceSource. “We met and exceeded our client’s needs quickly using deep integration with their internal teams and processes, and built confidence to expand our engagement early in the relationship. Through this expanded partnership, our client has gained scale for its go-to-market initiatives and the expertise to position their innovative products to aggressively win market share.”

About ServiceSource

ServiceSource International, Inc. (NASDAQ: SREV) is a global outsourced go-to-market services provider that accelerates B2B digital sales and customer success transformation. Our expert sales professionals, data-powered insights and proven methodologies scale and reimagine customer journey experiences (CJX™) into profitable business outcomes. Backed by more than 20 years of experience, ServiceSource drives billions of dollars in client value annually, conducting commerce in 45 languages and 178 countries. To learn more about how we design, develop and manage CJX solutions that transform the agility, speed, efficiency and value of our clients’ growth initiatives, visit www.servicesource.com.

Connect with ServiceSource:

Website: http://www.servicesource.com/

LinkedIn: https://www.linkedin.com/company/servicesource/

Twitter: https://twitter.com/servicesource

Forward-Looking Statements

This press release contains forward-looking statements, including statements regarding future expansions and our ability to enable our client to increase market share or achieve future growth. These forward-looking statements are based on our current assumptions and beliefs, and involve risks and uncertainties that could cause our results to differ materially from our forward-looking statements. Those risks and uncertainties include that we may be unable to attract and retain the highly skilled employees we need to support our planned growth; changes in market conditions that impact our ability to sell our solutions and/or generate service revenue on our clients’ behalf; general political, economic and market conditions and events; and other risks and uncertainties described more fully in our periodic reports and registration statements filed with the Securities and Exchange Commission, which can be obtained online at the Commission’s website at https://www.sec.gov. All forward-looking statements in this press release are based on information currently available to us, and we assume no obligation to update these forward-looking statements.

Trademarks

ServiceSource®, and any ServiceSource product or service names or logos above are trademarks of ServiceSource International, Inc. All other trademarks used herein belong to their respective owners.

Media and Investor Contact:

Elise Brassell, Communications

[email protected]

[email protected]

303-889-8616

KEYWORDS: Colorado United States North America

INDUSTRY KEYWORDS: Software Technology Consulting Professional Services

MEDIA:

Logo
Logo

Stanley Black & Decker Joins Council for Inclusive Capitalism

PR Newswire

NEW BRITAIN, Conn., June 30, 2021 /PRNewswire/ — Stanley Black & Decker (NYSE: SWK) announced today that CEO Jim Loree has joined the Council for Inclusive Capitalism. Launched in December 2020, the Council is a global nonprofit organization that joins moral and market imperatives to build a more inclusive, sustainable and trusted economic system that addresses the needs of people and the planet.

Stanley Black & Decker’s decision to join the Council reflects the company’s deep commitment to its purpose – “For Those Who Make the World” – as well as its focus on environmental, social and governance (ESG) responsibility and advocacy for business to be a force for good.

“Business has an important role to play in building a better world, delivering sustainable value and societal good,” said Jim Loree, Chief Executive Officer of Stanley Black & Decker. “The Council for Inclusive Capitalism brings together business leaders who share a commitment to ESG and provides a powerful forum for progress. I look forward to working with my peers in the Council to generate significant positive impact for the world.”

The Council for Inclusive Capitalism is rooted in action and led by CEOs and global leaders who commit their organizations to tactics that create long-term value for all stakeholders. Council members are accountable for their actions. Members’ commitments are measurable and made public on the Council’s online platform. These commitments are intended to motivate and challenge others to bring their own reform ideas to the movement.

“I am excited to welcome Jim Loree to the Council and look forward to working with Stanley Black & Decker to ensure a better future for us all,” said Meredith Sumpter, Chief Executive Officer of the Council for Inclusive Capitalism. “It will take the conscious and collective action of all business leaders to scale the impact needed for capitalism to become more inclusive and sustainable. That’s why every Council member is committing to making progress toward that goal. As a leading advocate for stakeholder capitalism and corporate social responsibility, Stanley Black & Decker will be an important contributor to the Council’s agenda.”

As part of Stanley Black & Decker’s Corporate Social Responsibility (CSR), it has developed a strategy that consists of three pillars: Create a More Sustainable World, Innovate with Purpose and Empower Makers. Through these efforts, the company aims to become a carbon positive organization, address unmet societal needs to improve the lives of 500 million people and empower 10 million makers through STEAM education, vocational and trade skills, makerspace training, and develop resources for employee career mobility – all by 2030. In its participation on the Council, it has also issued a series of commitments rooted in its existing ESG goals, including achieving gender parity in leadership and donating at least $10.5 million by 2025 to racial equity-related organizations. These targets are also aligned with the United Nations Sustainable Development Goals (UN SDGs).

To learn more about Stanley Black & Decker’s ESG efforts, please visit its recent Environment, Social & Governance report.


About Stanley Black & Decker


Stanley Black & Decker, an S&P 500 company, is a leading $14.5 billion global diversified industrial with 53,000 employees in more than 60 countries who make the tools, products and solutions to deliver on its Purpose, For Those Who Make The World. The Company operates the world’s largest tools and storage business featuring iconic brands such as DEWALT, STANLEY, BLACK+DECKER and CRAFTSMAN; the world’s second largest commercial electronic security company; and is a global industrial leader of highly engineered solutions within its engineered fastening and infrastructure businesses. Learn more at www.stanleyblackanddecker.com.


Stanley Black & Decker Media Contact:

Debora Raymond

Vice President, Public Relations
[email protected]
(203) 640-8054

 

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/stanley-black–decker-joins-council-for-inclusive-capitalism-301323151.html

SOURCE Stanley Black & Decker

Truework Announces Integration with Leading Loan Origination Software Provider Encompass®, by ICE Mortgage Technology

Loan processing teams can now verify any U.S. employee through Truework’s APIenabled integration directly from Encompass®

PR Newswire

SAN FRANCISCO, June 30, 2021 /PRNewswire/ — Truework, the automated income verification platform, today announced it is a fully integrated partner with Encompass® by ICE Mortgage Technology, the leading loan origination platform for mortgage lenders. Loan processing teams can now automatically verify any U.S. employee through Truework without leaving the Encompass® environment. With close to half of all U.S. mortgages originated through Encompass®, more lenders than ever will be able to use Truework to process faster income verifications. 

The process for verifications is often time-consuming and tiresome. The Truework platform is designed to reduce friction for lenders by providing better coverage and faster verifications. Lenders can automate more of the underwriting process by verifying any employee through Truework. Truework has an instant employment and income data network for over 35 million U.S. employees, making it the second-largest and fastest growing instant network in the U.S. The company is also one of the first API-enabled verification platforms on Encompass®, giving administrators the ability to integrate in just a few clicks. 

The Encompass® integration makes submitting verifications easier than ever, helping loan processors save time by centralizing verification submissions and reports into one system. By using Truework on Encompass®, processors no longer have to switch back and forth between different verification providers when processing mortgage applications, reducing the need to juggle multiple logins and passwords. Prioritizing privacy and security, only one login is needed to complete any verification through Truework. 

“Encompass® users will now be able to combine the industry’s most recognized loan origination system with industry-best verification coverage on Truework,” said Ryan Sandler, CEO and co-founder of Truework. “We’re bringing an automated one-stop-shop for all income and employment verifications to Encompass®. Even better is that our API-enabled integration gives Encompass® administrators plug-and-play functionality, making Truework one of the easiest integrations in the Encompass® ecosystem.”  

This partnership provides Encompass® users with direct access to Truework’s all-in-one service as well as their dedicated customer support team.

The news comes on the heels of Truework announcing a partnership with Gusto in April, making Truework the largest verification provider for small businesses. In addition, the company recently announced that its network has expanded to provide instant data for over 35 million employees across the United States.

To learn more about Truework’s integration with Encompass®, visit the Truework blog.

About Truework
Truework is an API-enabled platform for employment and income verification that lets banks, lenders and background check providers verify any U.S. employee. Through partnerships with payroll providers such as Gusto, Zenefits, UKG and Paylocity, Truework has the second-largest instant verification network with over 35 million employees. Founded by Ryan Sandler, Ethan Winchell and Victor Kabdebon in 2017, the company is backed by Activant Capital, Sequoia Capital, Khosla Ventures and others. To learn more, visit www.truework.com.

About Intercontinental Exchange

Intercontinental Exchange, Inc.(NYSE: ICE) is a Fortune 500 company that designs, builds and operates digital networks to connect people to opportunity. We provide financial technology and data services across major asset classes that offer our customers access to mission-critical workflow tools that increase transparency and operational efficiencies. We operate exchanges, including the New York Stock Exchange, and clearing houses that help people invest, raise capital and manage risk across multiple asset classes. Our comprehensive fixed income data services and execution capabilities provide information, analytics and platforms that help our customers capitalize on opportunities and operate more efficiently. At ICE Mortgage Technology, we are transforming and digitizing the U.S. residential mortgage process, from consumer engagement through loan registration. Together, we transform, streamline and automate industries to connect our customers to opportunity. 

© 2021 ICE Mortgage Technology, comprised of Ellie Mae, Inc., Simplifile and MERSCORP Holdings, Inc. All rights reserved.

 

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/truework-announces-integration-with-leading-loan-origination-software-provider-encompass-by-ice-mortgage-technology-301323135.html

SOURCE Truework

S&P Global unveils a new report detailing substantial impact of ESG on the Information Technology industry

Report reveals ESG to play significant role in shaping future IT industry strategies with implications for investors, suppliers, digital leaders and consumers

PR Newswire

LONDON, June 30, 2021 /PRNewswire/ — S&P today unveiled a new report that details the significant, wide-ranging and long-term impacts that Environmental, Social & Governance (ESG) considerations will have on the Information Technology (IT) industry. The report, from 451 Research, part of S&P Global Market Intelligence finds ESG is emerging as one of the most significant issues and will have major impacts on, and implications for, the IT industry, especially at large and public organizations.

The report, “ESG and Technology – Impacts and Implications” details the ways in which ESG mandates are shaping technology industry priorities and investments across a broad gamut of enterprise technologies and segments, from cloud-based datacenters to consumer smartphones, and everything in between.


Chris Marsh, Principal Analyst at 451 Research and lead author of the report

, said, “ESG will become not only one of the hottest issues of our time, but potentially one of the most transformative for both industries and societies as well. The importance of IT in shaping our increasingly digital future means the industry will have a huge bearing on the evolution of ESG, and in creating a more sustainable and equitable society. This is already happening in some obvious ways, such as through the use of sustainable energy in datacenters, but will also play out in many more subtle, but no less impactful, ways.”

Chris added: “There are multiple challenges and risks for the technology industry to address, but also massive opportunities to help drive changes that will be positive for society at large. We aim to help clients understand the broad and sometimes complex ESG space through our data and insights.”

The report identifies more than 30 important technology trends that have a bearing on the nature, pace and extent of ESG, including the following:

Datacenter efficiency. Half of datacenter operators say their investment in sustainability initiatives is being driven by customers’ interest, according to a global survey by 451 Research in 2020. The majority of service providers expect sustainability to become a key competitive differentiator in three years.

Ethical consumerism. Around a third (35%) of respondents in 451 Research’s VoCUL: Tablets & PCs, Purchase Drivers & Motivators 2020 survey say they are more likely to purchase electronic devices produced using environmentally sustainable business practices. Eighty-seven percent of these respondents are also willing to pay more for such a device.

Talent strategies. Technologies are playing a growing role in employee engagement strategies. Thirty-five percent of employees would accept a new job if the only way it differed from their current job were the better availability of devices, applications and other productivity tools, according to our VotE: WPC, Employee Engagement 2020 survey.

Supply chain governance. Manufacturing companies are using digital twin and digital thread processes to shore up their supply chain governance: 68% have partially or fully deployed them across their operational systems, according to our VotE: IoT, The OT Perspective, Use Cases and Outcomes 2020 survey.

Bias in AI. Sixty-six percent of organizations with AI deployments are testing their models for bias either prior to or after deploying, according to our VotE: AI & Machine Learning, Use Cases 2021 survey, illustrating the strong push for ethical and responsible AI.

Consumer data privacy. Nearly half (46%) of consumers have reservations about sharing their personal data online, yet only 8% of businesses report having a dedicated data privacy team that has primary responsibility for data privacy and data protection, according to our VoCUL: Connected Customer, Trust and Privacy and VotE: Data & Analytics, Data Management & Analytics 2020 surveys.

Dependence on ‘smart’ technology. With 451 Research’s Industrial IoT Market Monitor showing the number of industrial IoT (IIoT) devices nearly doubling over the next five years – with billions of ‘smart’ devices proliferating in consumer, retail and industrial markets – there are clear and growing environmental, social and governance risks across almost all aspects of human existence.

Access the report here: ESG in Tech 

About S&P Global Market Intelligence
At S&P Global Market Intelligence, we understand the importance of accurate, deep and insightful information. We integrate financial and industry data, research and news into tools that help track performance, generate alpha, identify investment ideas, perform valuations and assess credit risk. Investment professionals, government agencies, corporations and universities around the world use this essential intelligence to make business and financial decisions with conviction.

S&P Global Market Intelligence is a division of S&P Global (NYSE: SPGI), the world’s foremost provider of credit ratings, benchmarks and analytics in the global capital and commodity markets, offering ESG solutions, deep data and insights on critical business factors. S&P Global has been providing essential intelligence that unlocks opportunity, fosters growth and accelerates progress for more than 160 years. For more information, visit www.spglobal.com/marketintelligence.

Media Contact
Sabrina Mayeen
S&P Global | Market Intelligence
+44 (0)20 7176 0495
[email protected] 

Cision View original content:https://www.prnewswire.com/news-releases/sp-global-unveils-a-new-report-detailing-substantial-impact-of-esg-on-the-information-technology-industry-301323167.html

SOURCE S&P Global Market Intelligence

Ceragon Ushers in a New Era of 5G Accessibility in Urban & Rural North America

PR Newswire


Selected by three leading North American operators to deploy and improve 5G connectivity in dense urban & in rural areas

LITTLE FALLS, N.J., June 30, 2021 /PRNewswire/ — Ceragon Networks Ltd. (NASDAQ: CRNT), the global innovator and leading solutions provider of 5G wireless transport, has announced new orders and renewed partnerships with large North American service providers. These orders focus on expanding 5G network reach in dense areas, as well as keeping rural areas connected, up to speed, and able to compete with the rest of the world on a level footing. These material orders, among others, have resulted in strong Q2 bookings in North America.

One of the companies who selected Ceragon is a large Tier 1 North American carrier who field-tested multiple solutions. As Ceragon performed better than competitors, the operator successfully deployed, validated, and accepted Ceragon’s Multiband Solution delivering a staggering 10 Gbps over 4 miles. Thanks to this solution, mobile subscribers will see higher download speeds and the operator will enjoy increased customer satisfaction and reduced churn.


Ira Palti, President & CEO of Ceragon Networks
, commented: “All across the world, we deliver a complete 5G offering with increased capacity and coverage, and low latency. In North America, we’re proud to provide a growing number of Tier 1 operators with robust, high capacity, field-proven technologies, and a complete end-to-end service offering that delivers operational efficiency, an improved customer experience, and absolute peace of mind. This was translated into strong bookings in North America in Q2.”

In today’s post-corona economy, with remote work still highly prevalent, end-users need reliable and fast broadband connectivity more than ever. Especially in rural North America, broadband connectivity has become an essential service and a virtual lifeline. In support of 5G traffic, operators need significantly more capacity and better performance. But because fiber optic is either not possible or economically not viable in these areas, there is a growing need for wireless multi-gigabit transport over distances greater than two miles.

To meet this demand, more and more operators turn to Ceragon to provide a compact, reliable, and scalable wireless transport solution for challenging, long-distance rural deployments. With higher link throughput, node aggregation capacities, and multi carrier load balancing, Ceragon’s solutions have enabled operators to offer end-users higher value services. As a dependable and stable supplier, Ceragon has been able to meet aggressive project schedules, working against harsh weather conditions in some remote areas.

About Ceragon Networks
Ceragon Networks Ltd. (NASDAQ: CRNT) is the global innovator and leading solutions provider of 5G wireless transport. We help operators and other service providers worldwide increase operational efficiency and enhance end customers’ quality of experience with innovative wireless backhaul and fronthaul solutions. Our customers include service providers, public safety organizations, government agencies and utility companies, which use our solutions to deliver 5G & 4G broadband wireless connectivity, mission-critical multimedia services, stabilized communications, and other applications at high reliability and speed.

Ceragon’s unique multicore technology and disaggregated approach to wireless transport provides highly reliable, fast to deploy, high-capacity wireless transport for 5G and 4G networks with minimal use of spectrum, power, real estate, and labor resources. It enables increased productivity, as well as simple and quick network modernization, positioning Ceragon as a leading solutions provider for the 5G era. We deliver a complete portfolio of turnkey end-to-end AI-based managed and professional services that ensure efficient network rollout and optimization to achieve the highest value for our customers. Our solutions are deployed by more than 400 service providers, as well as more than 800 private network owners, in more than 150 countries. For more information please visit: www.ceragon.com


Safe Harbor


Ceragon Networks® and FibeAir® are registered trademarks of Ceragon Networks Ltd. in the United States and other countries. CERAGON ® is a trademark of Ceragon Networks Ltd., registered in various countries. Other names mentioned are owned by their respective holders.

This press release contains statements that constitute “forward-looking statements” within the meaning of the Securities Act of 1933
, as amended
and the Securities Exchange Act of 1934, as amended, and the safe-harbor provisions of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are based on the current beliefs, expectations and assumptions of Ceragon’s management about Ceragon’s business, financial condition, results of operations, micro and macro market trends and other issues addressed or reflected therein. Examples of forward-looking statements include: projections of demand, revenues, net income, gross margin, capital expenditures and liquidity, competitive pressures, order timing, growth prospects, product development, financial resources, cost savings and other financial and market matters. You may identify these and other forward-looking statements by the use of words such as “may”, “plans”, “anticipates”, “believes”, “estimates”, “targets”, “expects”, “intends”, “potential” or the negative of such terms, or other comparable terminology.

Although we believe that the projections reflected in such forward-looking statements are based upon reasonable assumptions, we can give no assurance that our expectations will be obtained or that any deviations therefrom will not be material. Such statements involve risks and uncertainties that may cause future results to differ materially from those anticipated. These risks and uncertainties include, but are not limited to, the effects of general economic conditions, the effect of the COVID-19 crisis on the global markets and on the markets in which we operate, including the risk of a continued disruption to our and our customers’, providers’, business partners and contractors’ business and operations as a result of the COVID-19 pandemic effects and the restrictions on operations created thereby, and of an adverse effect on our and our customers’ financial performance, cash flow, revenue and financial results, available cash and financing, and our ability to bill and collect amounts due from our customers as a result therefrom; the risk of components shortage due to the global shortage in semiconductors and chipsets, which could cause delays in deliveries of our products and delays in the deployment of wireless communication networks by our customers, slowdowns and other adverse effects on our industry; the risks relating to the concentration of a significant portion of Ceragon’s expected business in certain countries and particularly in India, where a small number of customers are expected to represent a significant portion of our revenues; risks associated with any failure to meet our product development timetable; the risk that the rollout of 5G services could take longer or be performed differently than anticipated and such other risks, uncertainties and other factors that could affect our results, as further detailed in Ceragon’s most recent Annual Report on Form 20-F and in Ceragon’s other filings with the Securities and Exchange Commission.

Such forward-looking statements, including the risks, uncertainties and other factors that could affect our results, represent our views only as of the date they are made and should not be relied upon as representing our views as of any subsequent date. Such forward-looking statements do not purport to be predictions of future events or results and there can be no assurance that it will prove to be accurate. Ceragon may elect to update these forward-looking statements at some point in the future but the company specifically disclaims any obligation to do so except as may be required by law.

Ceragon’s public filings are available on the Securities and Exchange Commission’s website at www.sec.gov and may also be obtained from Ceragon’s website at www.ceragon.com.

Ceragon Investor & Media Contact:
Maya Lustig
Ceragon Networks 
Tel. +972-54-677-8100 
[email protected] 

Cision View original content:https://www.prnewswire.com/news-releases/ceragon-ushers-in-a-new-era-of-5g-accessibility-in-urban–rural-north-america-301323124.html

SOURCE Ceragon Networks Ltd

New York Community Bancorp, Inc. To Report Second Quarter 2021 Earnings And Host Conference Call On July 28th

PR Newswire

WESTBURY, N.Y., June 30, 2021 /PRNewswire/ — New York Community Bancorp, Inc. (NYSE: NYCB) (the “Company”) today announced that it expects to issue its earnings release for the three and six months ended June 30, 2021 at approximately 7:00 a.m. Eastern Time (ET) on Wednesday, July 28, 2021. The release will be posted to the Investor Relations portion of the Company’s website, ir.myNYCB.com, upon issuance.

The Company will conduct a conference call at 8:30 a.m. (ET) on the same date, during which Chairman, President, and Chief Executive Officer Thomas R. Cangemi and Senior Executive Vice President and Chief Financial Officer John Pinto will discuss the Company’s second quarter 2021 performance. The conference call will be simultaneously webcast at ir.myNYCB.com and archived through 5:00 p.m. on August 25, 2021.

Conference Call Details:

     Dial-in for Live Call:

          Domestic:                    (877) 407-8293

          International:               (201) 689-8349

     Dial-in for Replay:

          Availability:                 July 28 (12:30 p.m.) – August 1 (11:59 p.m.)

          Access Code:               13720785

          Domestic:                    (877) 660-6853

          International:               (201) 612-7415


About New York Community Bancorp, Inc.

Based in Westbury, NY, New York Community Bancorp, Inc. is a leading producer of multi-family loans on non-luxury, rent-regulated apartment buildings in New York City, and the parent of New York Community Bank. At March 31, 2021, the Company reported assets of $57.7 billion, loans of $43.1 billion, deposits of $34.2 billion, and stockholders’ equity of $6.8 billion.

Reflecting our growth through a series of acquisitions, the Company operates 237 branches through eight local divisions, each with a history of service and strength: Queens County Savings Bank, Roslyn Savings Bank, Richmond County Savings Bank, Roosevelt Savings Bank, and Atlantic Bank in New York; Garden State Community Bank in New Jersey; Ohio Savings Bank in Ohio; and AmTrust Bank in Florida and Arizona.

Investor and Media Contact:

Salvatore J. DiMartino

(516) 683-4286

 

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/new-york-community-bancorp-inc-to-report-second-quarter-2021-earnings-and-host-conference-call-on-july-28th-301323091.html

SOURCE New York Community Bancorp, Inc.